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When u close a cap 1 card

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Frequent Contributor

When u close a cap 1 card

How long til u can apply for another 1 card is in good standing but low limit qs1
08 ficos 9/2019 eq 685 tu 704 ex 677
Message 1 of 11
10 REPLIES 10
Valued Contributor

Re: When u close a cap 1 card

Why do you want to play with Cap1 still?  Keep your BB&T cards and let your file age a year or so to get the most out of it.  

500K+ TCL / 800+ FCOs
Message 2 of 11
Frequent Contributor

Re: When u close a cap 1 card

I need some to fall back on..dont i ?. I had big bank cards in 2007 chase and citi balances under 15% never late way more than the minimums .and idk .something spooked them and they closed me down.for no real reason .so bbt is going thur a merger and im kinda gun shy they may do the same thing .anyway thanks for the good advice but yes sir i see what your saying .thanks
08 ficos 9/2019 eq 685 tu 704 ex 677
Message 3 of 11
Moderator

Re: When u close a cap 1 card

@gramps52, if I may suggest looking at credit unions to diversify your CC portfolio mix, that's another viable option as well.  I wouldn't worry about the BB&T and SunTrust merger as something that would place your profile on the radar in a negative way. 

Message 4 of 11
Community Leader
Valued Contributor

Re: When u close a cap 1 card

You can apply right away assuming the card you closed was more than 6 months old. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
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Once you go Berner, you never go back.
Message 5 of 11
Frequent Contributor

Re: When u close a cap 1 card

Ok thanks
08 ficos 9/2019 eq 685 tu 704 ex 677
Message 6 of 11
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Frequent Contributor

Re: When u close a cap 1 card

Did you already close the cap1 account? You can apply for another cap1 card before you close it, if you want. Check their pre-qual page to see if they're already offering anything to you.

    Total CL: $21,100
Fico 8 Scores:
12/2018:
03/2019:
06/2019:
09/2019:
Goals:   550 by 12/2018 600 by 3/2019   650 by 6/2019   700 by 1/2020   750 by 1/2021 800+ by 1/2022
8 derog. (all settled 1/2019)     |     Inquiries: 10, 9, 6     |     AoOA: 10.0yr     |     AAoA: 5.2yr     |     AoYA: 0.4yr
Message 7 of 11
Frequent Contributor

Re: When u close a cap 1 card

Thanks I'm still inside 6 months on first card .I haven't closed it yet.its just my scores are better so I thought cap 1 may give me a better card
08 ficos 9/2019 eq 685 tu 704 ex 677
Message 8 of 11
Frequent Contributor

Re: When u close a cap 1 card

I'd just keep it open, and try for the new card after you hit 6 months, then close the first card after that if you still desire.

    Total CL: $21,100
Fico 8 Scores:
12/2018:
03/2019:
06/2019:
09/2019:
Goals:   550 by 12/2018 600 by 3/2019   650 by 6/2019   700 by 1/2020   750 by 1/2021 800+ by 1/2022
8 derog. (all settled 1/2019)     |     Inquiries: 10, 9, 6     |     AoOA: 10.0yr     |     AAoA: 5.2yr     |     AoYA: 0.4yr
Message 9 of 11
Community Leader
Super Contributor

Re: When u close a cap 1 card

Give it a couple months Gramps, let you new cards spiffy up your profile. Have you checked Amex out with your Ex score?
#ChaseCreditCardHobby Enthusiast
2022
!
Message 10 of 11
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